Supported by firming trend in global markets and rising domestic demand, nickel traded 1.01 per cent higher at Rs 1,062.20 per kg in futures trading today.
At the Multi Commodity Exchange counter, nickel for November delivery shot up by Rs 10.60, or 1.01 per cent, to Rs 1,062.20 per kg, with a business volume of 4,261 lots.
Similarly, the metal for delivery in December moved up by Rs 10.70, or 1 per cent, to Rs 1,072 per kg, with a business turnover of 243 lots.
At the London Metal Exchange platform, nickel climbed 1.2 per cent to $23,825 per tonne.
Analysts said firming trend in the entire base metals pack at the London Metal Exchange on hopes that demand may pick up after the Federal Reserve announced it would pump in more stimulus to revive struggling US economy, supported the upside in nickel futures.